SEOUL, Dec. 27 (Korea Bizwire) — South Korea on Friday approved proposed guidelines for shareholder activism by the country’s largest state pension fund, paving the way for the fund to press companies it holds stakes in to dismiss board members over breach of trust and other illegal activities. “The guidelines are part of efforts to [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korean retail investors, spooked by a bearish run on the local stock market, almost doubled their investment in U.S. stocks this year on hopes for steady gains on the back of strong fundamentals in the world’s largest economy and progress in trade talks between Washington and Beijing, data [...]
SEOUL, Dec. 22 (Korea Bizwire) — Dividend payouts by listed companies may shrink from a year earlier in 2019 due to a sharp drop in their earnings, market watchers here noted Sunday. The combined net profit of 235 listed firms that paid dividends last year is expected to plunge more than 29 percent to about [...]
SEOUL, Dec. 20 (Korea Bizwire) — While the value of overseas investment increased last year, more foreigners are coming into the country. According to a report from the Hana Institute of Finance, a research unit of Hana Financial Group, overseas direct investment in the first half of this year amounted to US$36.2 billion, up 46.5 [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea formally launched an open banking service on Wednesday in the latest move to boost convenience and lower transaction costs for customers. The new system allows bank customers to use any mobile banking application of their choosing to access their bank accounts at any local bank and to [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s chief economic policy maker on Monday warned that the government may unveil further steps to curb soaring home prices should the latest fresh set of measures end in futility. Earlier in the day, the finance ministry and related government agencies came up with the toughest steps ever [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s financial regulator on Monday granted preliminary approval for a new internet-only bank, a move that could further fuel competition with established bigger players and foster the fledging market. The Financial Services Commission (FSC) gave the initial approval to the consortium led by South Korean fintech firm Viva [...]
SEOUL, Dec. 15 (Korea Bizwire) — Interim or quarterly dividend payments by South Korea’s listed firms grew slightly from a year earlier this year largely helped by massive payouts by market kingpin Samsung Electronics, data showed Sunday. As of last week, 58 listed companies have paid a combined 9.32 trillion won (US$7.95 billion) in interim [...]
SEOUL, Dec. 15 (Korea Bizwire) — Japan suffered a wider decrease in its outbound shipments to South Korea compared with the other way around amid the monthslong trade dispute between the two Asian neighbors, data showed Sunday. Japan’s exports to South Korea reached US$15 billion over the July-October period compared with a year earlier, down [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea may have been hit the hardest among major economies by the protracted trade dispute between the United States and China due to its high dependence on exports to the countries, a report said Tuesday. The U.S. and China are the world’s largest importers of South Korean products [...]